RACQ Warns Australian Motorists To Watch The Price Of Petrol

Post by Sharat on August 17, 2010 · Under Business News · Comment

“Cheap Tuesday” used to be the best day to fill the petrol tank, however that is now slowly changing with “savings Sunday” becoming the prime day to fill up the fuel tank.

For many years, Tuesday was the best day to top up one’s fuel tank, as a result of a fuel cycle set by companies. However the oil companies in a bid to maintain revenues began varying which day was the cheapest to obtain fuel, as they sought to keep consumers off balance.

For example in Queensland, cheap Tuesday eventually became frugal Friday, and ultimately ended up becoming savings Sunday.

The RACQ has warned motorists in Queensland to closely monitor the price of petrol quoted on service station price boards, as a means of avoiding paying too much for fuel.

“We’ve seen the low point in the region’s weekly price cycle progressively move later into the week in recent months. Buying petrol mid-week could mean paying around 10 cents a litre more than topping up over the weekend. They’re trying to confuse motorists as to what the cheapest day of the week is.” RACQ spokesman Gary Fites said.

Mr. Fites added that as the pricing pattern shifts accelerate, there is every reason to believe that cheap Tuesday could make a return.

“It’s more important than ever for motorists to watch the price boards if they want to fill up at the best price,” he said.

“The good news for savvy buyers is that regular unleaded and E10 petrol prices are almost at wholesale levels on the cheapest days.”

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